David Cameron has admitted he did have a profitable stake in his father’s offshore investment fund, but sold it for around £30,000 before he became Prime Minister.

BBC.IN

David Cameron has admitted he did have a profitable stake in his father’s offshore investment fund, but sold it for around £30,000 before he became Prime Minister.

The admission comes five days after the leak of a huge cache of documents – dubbed the Panama Papers – detailing the tax affairs of thousands of individuals of worldwide. They revealed that the Prime Minister’s father, Ian Cameron, who passed away in 2010, ran a fund under the name Blairmore Holdings.

Downing Street staffers initially said that it was a “private matter” whether or not Mr Cameron had benefitted from the fund. They later issued a series of statements denying the Prime Minister currently benefitted from offshore funds, or stood to do so in the future.

Labour has condemned the way information about Mr Cameron’s financial affairs was revealed with “drip, drip” statements, and the revelations will raise questions about why Mr Cameron did not admit to personally profiting from an offshore fund until five days after the Panama Papers were leaked.

But in an interview with ITV News, he insisted that it was a "fundamental misconception" that Blairmore Holdings, set up by his father in the 1980s and run from the Bahamas, was set up to avoid tax. He said his father was being "unfairly written about"....

David Cameron and his office have now offered three partial answers about the fund set up by his father Ian, which avoided ever paying tax in Britain. The key unanswered question is whether the prime minister’s family stands to gain in the future from his father’s company, Blairmore.

THEGUARDIAN.COM|由 EWEN MACASKILL 上傳

David Cameron must come clean over “exactly what’s been going on” with his family’s financial affairs in the wake of the Panama Papers leaks and should be subjected to an investigation to determine whether tax has been dodged, Jeremy Corbyn has said.